After-hours buzz: ORCL, FDX & more
Check out the companies making headlines after the bell: Oracle shares fell more than 3 percent in after-hours trading after the release of its first quarter earnings report. The company reported their earnings per share as 71 cents, beating analysts’...
Trump says a China trade announcement is coming after market close
President Donald Trump said the administration will have a trade announcement concerning trade with China after the market close. “You’re going to see on China today right after close of business, we’ll be announcing something. It will be a lot...
Kudlow says White House aware of the rising deficit, but economic ‘growth solves a lot of problems’
Top White House Economic Advisor Larry Kudlow said while the administration needs to be tougher on spending, growth from recent tax cuts should fix the issue. “If you grow rapidly you’re going to have lesser deficits. Growth solves a lot...
Kudlow: US has the hottest economy in the world today: ‘We’re crushing it’
The U.S. economy is leading the rest of the world by returning to a basic approach of cutting taxes and letting businesses know that government is back on their side, top Trump economic aide Larry Kudlow said Monday. “The U.S....
China Unlikely to Give In to Trump’s Demands Despite New Tariffs
Trump is expected to implement the second round of tariffs on an additional USD200bn of imported goods from China either later today or tomorrow. Trump’s purpose seems to be to put China under pressure, forcing them to give in to...
Watch Larry Kudlow interview live at the Economic Club in New York
[The stream is slated to start at Noon ET. Please refresh the page if you do not see a player above at that time.] Larry Kudlow is director of the National Economic Council. He is speaking at the Economic Club...
Most of the ‘Big shorts,’ who thrived during the financial crisis, have faltered since 2008
It’s difficult to stay on top. Last weekend marked the 10th anniversary of Lehman Brothers’ bankruptcy, which many investors regard as the seminal event of the financial crisis. While most investors on Wall Street lost money a decade ago during...
Germany 30 Index Looking Bearish in the Short- and Medium-Term
The Germany 30 index lost considerable ground after touching 12,597.80 in late August, this being its highest since August 10. Specifically, it is currently trading roughly 500 points below that peak. The Tenkan- and Kijun-sen lines are negatively aligned, projecting...
Yield Outlook: Italy Moving to the Background and Fed Hikes to Continue
The focal point in the European bond markets over the summer has been Italy. This has resulted in downward pressure on, in particular, German yields and in August the 10Y bund yield was as low as 0.30%. Simultaneously, the yield...
GBPUSD: Bullish Signal on Break above Daily Cloud; Next Key Barriers at 1.3162/72 Come Under
Cable accelerated higher on Monday and eventually broke above top of thickening daily cloud, to hit new high at 1.3156 on Monday (the highest since 31 July). Weaker dollar and reports on progress in discussion over Irish border, one of...
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